December 20, 2017

France bans its oil, gas production by 2040

CBS - France's parliament has approved a law banning all exploration and production of oil and natural gas by 2040 within the country and its overseas territories. Under that law that passed a final vote on Tuesday, existing drilling permits will not be renewed and no new exploration licenses will be granted.

The French government claims the ban is a world first. However, it is largely symbolic since oil and gas produced in France accounts for just 1 percent of domestic consumption. The rest is imported.


greg gerritt said...

Now they need to ban imports too.

Anonymous said...

Indeed. But they can't without collapse -- they haven't a non-petro backup system in place yet (or at least I've not heard of one)